70 Forster StreetNorlane VIC 3214
Property Details for 70 Forster St, Norlane
70 Forster St, Norlane is a 0 bedroom, 0 bathroom House and was built in 1960. The property has a land size of 695m2 and floor size of 99m2. While the property is not currently for sale or for rent, it was last sold in September 2024. There are other 0 bedroom House sold in Norlane in the last 12 months.
Last Listing description (September 2024)
Calling All Developers and Astute Investors!
Situated on approximately 696sqm, an opportunity arises for the astute buyer in a great pocket of Norlane. With the planning permit approved for 4 townhouses, it is well suited to value-add investors or developers looking to maximize the excellent block size.
Offering every convenience at your doorstep, within walking distance to public transport, local shops, North Shore train station and kindergartens. As well as a short drive to Corio Shopping Centre and Bell Post Hill Shopping centre.
Set in an established location in Norlane within walking distance of Corio Shopping Centre, shopping precincts, schools, day-care facilities, and public transport, this impressive corner block single-level solid residence on 695m2 (approx) is a great opportunity for the first home buyers, investors or developer.
Plans & Permit Approved for 4 townhouse.
Close to train station
696sqm corner parcel of land
Property History for 70 Forster St, Norlane, VIC 3214
- 09 Sep 2024Sold
- 20 Jun 2024Listed for Sale Not Disclosed
- 19 Feb 2022Sold for $501,000
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About Norlane 3214
The size of Norlane is approximately 5 square kilometres. It has 10 parks covering nearly 8.5% of total area. The population of Norlane in 2011 was 8,011 people. By 2016 the population was 8,316 showing a population growth of 3.8% in the area during that time. The predominant age group in Norlane is 20-29 years. Households in Norlane are primarily single parents and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Norlane work in a labourer occupation. In 2011, 48.4% of the homes in Norlane were owner-occupied compared with 43.4% in 2016.
Norlane has 5,377 properties. Over the last 5 years, Houses in Norlane have seen a 31.43% increase in median value, while Units have seen a 31.23% increase. As at 31 October 2024:
- The median value for Houses in Norlane is $449,287 while the median value for Units is $394,117.
- Houses have a median rent of $380 while Units have a median rent of $380.
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